TORONTO: BMO Financial Group (TSX: BMO) (NYSE: BMO) announced today that it has entered into an agreement, alongside Royal Bank of Canada, to sell jointly-owned Moneris Solutions Corporation to Francisco Partners, a leading technology investment firm.
The all-cash transaction values Moneris at approximately $2.0 billion, with BMO receiving a 50% share of the proceeds, according to a statement.
The deal signals a new chapter for Moneris, one of Canada’s largest commerce solutions providers, positioning the business to accelerate its growth strategy while continuing to serve Canadian merchants. Since its inception 25 years ago, Moneris has grown to support over 325,000 points of commerce across the country, offering versatile payment options and integrated solutions tailored specifically for the Canadian market.
Concurrent with the closing of the transaction, BMO and RBC will enter into new exclusive, long-term referral arrangements with Moneris, ensuring that both new and existing business clients continue to receive the trusted support and global solutions they have come to rely on.
Strategic Partnership with Francisco Partners Poised to Strengthen Canadian Commerce Ecosystem
Francisco Partners brings a strong track record of investing in technology-enabled businesses, with global experience in scaling financial technology companies and deep sector expertise in innovative Payments and Commerce offerings. Their portfolio already includes industry leaders in embedded payments, omni-channel commerce gateways, and electronic point-of-sale (POS) solutions.
With access to Francisco Partners’ global platform and ability to mobilize existing capabilities and future innovations for the Canadian market, Moneris will continue its commitment to Canadian businesses by bringing leading global capabilities alongside domestic specialties to further strengthen the commerce ecosystem.
“For 25 years, Moneris has earned the trust of Canadian businesses by delivering secure, reliable and innovative payment solutions,” said Sharon Haward-Laird, Group Head, Canadian Commercial Banking & North American Integrated Solutions, and Co-Head Canadian Personal & Commercial Banking, BMO. “This next chapter will enable Moneris to build on that strong foundation while accelerating its strategy in a rapidly evolving payments landscape. Through our ongoing referral arrangements, clients will continue to benefit from the trusted support and solutions they rely on today.”
Financial Impact and Closing Timeline
BMO expects to record a gain on closing of approximately $600 million after-tax ($620 million pre-tax), which will be recorded in Non-Interest Revenue in Corporate Services as an adjusting item. On a pro forma basis, the transaction is expected to improve the bank’s common equity Tier 1 (CET1) ratio by approximately 15 basis points. The transaction is not expected to have a significant impact on the bank’s future run rate earnings.
The transaction is expected to close by the end of the first quarter of fiscal year 2027, subject to customary closing conditions, including receipt of required regulatory approvals.
BMO Capital Markets acted as financial advisor to BMO, while Osler, Hoskin and Harcourt LLP served as legal counsel to the bank.
About BMO Financial Group
BMO Financial Group is the eighth largest bank in North America by assets, with total assets of $1.5 trillion as of April 30, 2026. Serving clients for more than 200 years, BMO provides a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services across Canada, the United States, and select markets globally.
BMO is innovating for business value by deploying and integrating human, digital and artificial intelligence to personalize client experiences, augment teams, and automate its business responsibly. Driven by its purpose—to Boldly Grow the Good in business and life—BMO is committed to driving positive change in the world and making progress for a thriving economy, sustainable future, and stronger communities.
